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Advanced Battery Technologies, Inc. |
The company is in China not the US. Did anyone listen to the earnings
call? ABAT will make batteries but continue to buy companies that use
batteries such as bike company they recently purchased. the short term
I like the company. Running a consumer product company is a lot
different that selling batteries to Manufactures. The CEO did not know
any specifics regarding the electric bike industry in China. Not sure
if the company going in the right direction
On May 15, 9:51 am, false1...@aol.com wrote:
> On May 14, 2:59 pm, s.wolf2...@gmail.com wrote:
> > Did the same, pulled out at 3.70 and will get back in around
> > 2.70-2.80. This baby is a momentum Stock, been trading it for a
> > couple years now. Once it finds it direction it follows it. You have
> > too many small players in this that are not ready for a long term
> > investment. As long as institutionals getting their hands around this
> > and calm the volatility, this is a volatile b...
> > I like it though, wish i had the balls at 1.50 when I thought about
> > taking some, waited until 2.20.
> > On May 13, 9:12 am, false1...@aol.com wrote:
> > > Not with China Industrial growth decreasing in this psuedo depression
> > > and the Bike company they now own. What?they didn't do their homework
> > > before buying it to see its worth and revenue potiential and
> > > liabilities. Sounds like a possible set back. This is probably a long
> > > term big winner. I will take a qucik profit on this one and get back
> > > in after a pull back to support in the $2.60 range. Still have 3000
> > > shares.
> > > On May 12, 12:07 am, tsa...@gmail.com wrote:
> > > > Commenting on the results, Mr. Zhiguo Fu, Chairman and CEO of Advanced
> > > > Battery Technologies, stated, "We are pleased with the progress that
> > > > our Company has made despite the difficult economic environment. We
> > > > were able to achieve suitable revenue growth for the quarter, although
> > > > we will strive for greater growth in 2009 with increased production
> > > > capacity and tighter cost controls. As such, we expect the expanded
> > > > assembly line in Harbin to be operational late in the second quarter
> > > > of 2009, which will add the production capacity enabling an additional
> > > > $22 million in revenue generation for 2009. We remain optimistic about
> > > > our continued growth in the remainder of the year and currently our
> > > > backlog for the battery business is approximately $64.0 million as of
> > > > early May."
> > > > Sounds like some pretty decent statements to me. I like the fact that
> > > > the 22 mil of rev generation is in 2009.
> > > > Any other thoughts? I think we have a nice upside from here!- Hide quoted text -
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